Real estate is property that includes land and any permanent human constructions,

including homes and buildings. It also includes the underlying ownership and usage

rights to that land. Real estate can be sold, transferred or leased. It is generally

considered a valuable commodity, with properties in desirable locations often

increasing in value over time. The responsibilities and costs associated with owning

real estate can be substantial.

The real estate industry includes a wide range of professionals, including agents,

brokers, mortgage lenders, developers and investors. Investors buy and sell

properties for a profit. They may choose to rent or buy their properties outright, but

can also opt for a “flipping” strategy where they quickly resell properties after

making improvements that increase their value. The performance of the real estate

market is closely linked to that of the economy. A strong economy typically boosts

home prices, while a slowdown can lower them.

New York is a highly desirable location for many real estate investors, due to its high

income levels and large population of potential consumers. However, the city’s

expensive housing and property taxes can make it challenging for some residents to

own a home. A wide variety of mortgage loan programs are available to help would be

buyers afford their dream homes, but each has its own set of qualifications that

must be met. Read more


Residential real estate encompasses both new construction and resale single-family

homes, as well as multi-family apartments and condominiums. It also includes

manufactured homes and portable dwellings like houseboats. The most common

type of residential real estate is owned outright by the individual or family that

occupies it, but it can also be leased.

Commercial real estate has a more business-oriented focus and includes office

buildings, malls, restaurants and hotels. It can be owner-occupied or leased, but is

more likely to be leased than owned. Industrial real estate is a subset of commercial

real estate that includes properties used for manufacturing, warehousing or

distribution. It is not as prevalent as other commercial real estate types.


Raw land is not technically considered real estate, but it can be an attractive

investment option for those who wish to generate income from its use without the

cost of building or constructing structures on the site. It is possible for individuals to

purchase and lease land for agriculture, hunting or other purposes.

The real estate market is highly cyclical, and the repercussions of changes in

interest rates, inflation, consumer confidence and other factors can be felt

nationwide. A slowdown in the market can have significant impacts on local

economies and individual families, causing job loss and financial hardship. For this

reason, it is important to stay up-to-date on current trends and news in the real

estate industry.